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The Lazy O Ranch just purchased equipment costing $60,000. The equipment is expected to last five years and have no salvage value. (A) Calcuate the

The Lazy O Ranch just purchased equipment costing $60,000. The equipment is expected to last five years and have no salvage value. (A) Calcuate the depreciation expense using the straight-line method fpr the first two years the equipment is owned. (B) Calcuate the depreciation expense using the double-declining balance method for the first two years the equipment is owned

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